Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sees Strong Trading Volume – Should You Buy?

Shares of Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) saw strong trading volume on Friday. 1,199,317 shares traded hands during mid-day trading, an increase of 594% from the previous session’s volume of 172,779 shares. The stock last traded at $19.4450 and had previously closed at $19.45.

Franklin U.S. Treasury Bond ETF Stock Performance

The stock’s fifty day moving average is $19.79 and its 200-day moving average is $20.08.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. First Heartland Consultants Inc. acquired a new stake in Franklin U.S. Treasury Bond ETF during the third quarter worth approximately $9,079,000. Bank of America Corp DE increased its stake in Franklin U.S. Treasury Bond ETF by 1.9% during the 1st quarter. Bank of America Corp DE now owns 5,622,894 shares of the company’s stock worth $114,876,000 after acquiring an additional 107,211 shares during the period. RFG Advisory LLC acquired a new position in Franklin U.S. Treasury Bond ETF in the second quarter valued at about $1,823,000. Citadel Advisors LLC raised its position in shares of Franklin U.S. Treasury Bond ETF by 59.5% in the 2nd quarter. Citadel Advisors LLC now owns 193,448 shares of the company’s stock valued at $3,923,000 after buying an additional 72,136 shares in the last quarter. Finally, World Investment Advisors bought a new stake in Franklin U.S. Treasury Bond ETF during the fourth quarter worth $921,000.

Franklin U.S. Treasury Bond ETF Company Profile

The Franklin U.S. Treasury Bond ETF (FLGV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in US Treasurys with remaining maturities of 1 30 years. FLGV was launched on Jun 9, 2020 and is managed by Franklin Templeton.